Featured Project - The Starling is a 70 unit project supporting Seniors 55+ in Oakland by Eden Housing. CCRC was proud to provide a $6,721,000 loan to enable this project.

S&P Global Ratings’ issuer credit rating (ICR) on California Community Reinvestment Corporation (CCRC) has been renewed as ‘A+’ with projections of a stable financial outlook!

Profitability metrics, management, and asset quality have been judged as very strong compared with peers across the five-year period from fiscal year 2019 through 2023. Additionally, liquidity has been rated as strong in the same period due to CCRC’s proficiency in stewarding corporate assets. 

 CCRC’s consistently strong lending performance represents the dedication that the organization owes to low -income communities throughout California. Through all the challenges of lending in a fluctuating economy, CCRC has found a way to maintain consistent success and set new industry standards of performance.

Californian renters are experiencing extreme rent burden and need a sufficient supply of affordable housing. CCRC continues to seek various financing options as both a certified Community Development Financial Institution (CDFI) and a non-profit banking consortium to meet California’s urgent need to increase the state’s affordable housing supply.  This A+ credit rating provides new avenues for the organization to continue the work.